What bubble? Alabama home prices held up through the recession

Property values across the U.S. fell at the end of the last decade. But the decline did not have as strong an impact in Alabama, new data show.

An overview of home ownership and property values published by the U.S. Census Bureau shows that Alabama's housing market made it out of the most recent recession relatively unscathed. The Census analysis looked at two separate three-year periods: 2007-2009, and 2010-2012.

Nationally, the median property value for U.S. homes fell more than 9 percent from the pre-recession years to the post-recession years. The median value decreased from roughly $192,000 to less than $175,000, the Census estimates.

In Alabama, the median property value increased, from roughly $119,000 to more than $123,000.